Zakat on share investments: determining a proxy for calculation
At the National Zakat Foundation, in collaboration with scholars, financial analysts, accountants and others, we spent almost 5 months analysing the FTSE 100 to determine...
Bitcoin: Shariah Compliant?
The concept of money has been evolving across time. Goods, gold, silver, banknotes, electronic money have all played the role of money. The birth of...
Is the Teachers’ Pension CARE Scheme Permissible?
Question: Is the Teachers’ Pension CARE scheme permissible? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer:...
What Is The Difference Between Trading, Investments and Gambling When The Outcome Is Uncertain In All and All Have Risk?
Question: What is the difference between trading, investments and gambling when the outcome is uncertain in all and all have risk? Answer: In the Name...
Are Student Loans a Mudharabah (investment contract)?
Question: A fatwa by Shaykh Haitham al-Haddad is being circulated that Student Loans are a Mudharabah and that it is permissible. Can you please clarify...
How can rental be adjusted in Diminishing Musharakah products?
Question: Jazak Allah for putting together such a comprehensive resource for various questions/concerns that are often overlooked regarding jurisprudence. I have been looking into buying a home...
Is it permissible to buy & sell Asda supermarket shares?
Question: I work as a pharmacist in Asda. As I have been working in the pharmacy for 3 years I was given bonus in form of...
Is it permissible to redeem unit trusts from the following equity funds?
Question: I own unit trusts with the following: Oasis Crescent Equity Fund & Albaraka Equity Fund I will like to redeem these unit trusts. If there...
What is the Islamic perspective on Premium Bonds?
Question: What is the Islamic perspective on Premium Bonds? Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh....
Is it permissible to invest in CD’s (Certificate of Deposits)?
Question: Is it permissible to invest in CD’s (Certificate of...
Is Bond investment permissible?
Question: Is it permissible to invest in...
How will zakat be calculated on an investment in the Al Mabroor Buffalo Scheme?
Question: If a person invested in the Almabroor Buffalo Scheme then how will the zakāt be calculated on the capital invested? For example, a person...
